Tagged: Federal Reserve

Number of Community Banks Drops Sharply

Number of Community Banks Drops Sharply

Banking & Finance

The number of banks in the United States fell by almost 50% during the last 20 years, from about 10,700 in 1997 to about 5,600 in 2017, with the vast majority of the decline, 97%, accounted for by community banks. read more >

Fed's Powell Predicts Solid But Slower Growth in 2019

Fed's Powell Predicts Solid But Slower Growth in 2019

Banking & Finance

Federal Reserve Chairman Jerome Powell says the U.S. economy should keep expanding at a solid, though somewhat slower pace this year. But he warns of growing risks, including a global slowdown, volatile financial markets and uncertainty about U.S. trade policy. read more >

Fed Minutes: Growing Risks Make Rate Hike Path Less Clear

Fed Minutes: Growing Risks Make Rate Hike Path Less Clear

Banking & Finance

Federal Reserve officials expressed increasing worries when they met last month, as they grappled with volatile stock markets, trade tensions and uncertain global growth. The threats, they said, made the future path of interest rate hikes "less clear." read more >

Fed Member Sees Gradual Interest Rates Hikes in Short Term

Fed Member Sees Gradual Interest Rates Hikes in Short Term

Banking & Finance

Atlanta Federal Reserve Bank President Raphael Bostic said Thursday that he believes growth remains strong despite uncertainty over trade tensions, and he expects interest rates to continue to rise to a point where they neither stimulate nor slow the economy. read more >

Delinquency Rate of Commercial Real Estate Loans at Lowest Point

Delinquency Rate of Commercial Real Estate Loans at Lowest Point

Banking & Finance

The chart illustrates the delinquency rate on commercial real estate loans — excluding farmland — booked in the domestic offices of all commercial banks in the United States between first-quarter 1991, when it stood at 11.99 percent, and second-quarter 2018, when it stood at 0.72 percent. read more >